China is urging domestic companies to look at listing in London, several sources told Reuters, as the country aims to revive deals under a Stock Connect scheme and strengthen overseas ties in the wake of the coronavirus crisis.
) to move ahead with their London-listing plans, the sources said, after both deals were halted last year.
The exchange added that offshore listings under the scheme were “companies’ own decisions based on their development needs and market conditions,” while the timing of a London listing by SDIC or China Pacific Insurance is also subject to approval from British regulators. The sources, including officials from banks, government and exchanges, said that the aim was to push for a resumption of listings under the Stock Connect scheme as China seeks to improve ties with the outside world and help to fund its post-lockdown recovery.
Anti-China sentiment in the United States on several fronts and the troubles surrounding U.S.-listed Chinese coffee chain Luckin Coffee may have made the route to New York harder to navigate.In the London-Shanghai listings pipeline, China Pacific Insurance is likely to be the first Chinese company to make its London debut this year, seeking to raise between $2 billion and $3 billion, and could price the sale in September or October, a second source said.
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Kate Middleton makes stunning new appearance in elegant floral Beulah London dressKate Middleton has made a stunning new appearance wearing a beautiful new dress from Beulah London. See and shop her outfit
Weiterlesen »
Loose Women star Nadia Sawalha is sharing live CCTV inside London home during coronavirusLoose Women panellist Nadia Sawalha lives with husband Mark Adderley and their two daughters.
Weiterlesen »
Dr Alex gives tour of £250k London ambulance as he saves lives on frontlineLove Island's Dr Alex George generously gave his fans a tour of a London ambulance and insight into life as a paramedic on the frontline
Weiterlesen »
Kelly Brook shows off incredibly gorgeous office space inside £3million London homeKelly Brook shows off incredibly gorgeous office space inside £3million London home
Weiterlesen »
Kelly Brook gives fans garden envy as she enjoys BBQ at £3million London homeKelly Brook's London home features a beautiful garden with outdoor dining area
Weiterlesen »
From Alibaba to Xiaomi, China tech giants set to benefit as Hong Kong changes stock index rulesA major revamp of Hong Kong's benchmark Hang Seng index is set to pave the way for Chinese tech giants to benefit and expand their trading presence in Asia, while letting more investors gain access to their stocks.
Weiterlesen »